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Ansid Capital s Anurag Singh notes US market strength amid US-Russia summit anticipation. Confidence in tariff policies and solid earnings contribute. Rate cuts are expected, potentially leading to new market highs. Singh believes oil prices will remain affordable. He adds that US markets look solid and good and will probably touch 6,600 or 6,800 or even maybe 7,000 by year end.

Ashok Leyland posted a standalone net profit of Rs 593.73 crore for Q1 FY26, up 13% YoY, on revenue of Rs 8,724.51 crore, a 1.5% rise. Consolidated net profit attributable to owners rose 20% YoY to Rs 611.07 crore. The company saw record Q1 commercial vehicle volumes, improved margins, and strong contributions from core and export businesses.

Anshul Saigal of Saigal Capital suggests attractive valuations in private and PSU banks, anticipating improved credit growth. While alcobev offers long-term potential, high valuations warrant caution. Consumption, metals, and textiles are poised for growth due to tax cuts, rising global demand, and India s strong position, respectively, despite short-term challenges.

Indian stocks may witness a short-lived rebound driven by robust domestic buying, strong September earnings, and easing trade tensions, though sustainability concerns remain.

Indian equity and commodity markets, including BSE, NSE, MCX, and NCDEX, will remain closed on August 15, 2025, for Independence Day, with trading to resume on August 18 across all segments.

Indian benchmark indices closed higher on Thursday, breaking a six-week losing run driven by trade tensions and muted quarterly earnings, with gains in Infosys after it agreed to buy a stake in Australia’s Versent Group.

Studio LSD Limited’s ₹74.25 crore SME IPO opens August 18 with a price band of ₹51–54. Proceeds will fund capital expenditure, working capital, and general corporate needs. Listing is on NSE Emerge.

India’s markets may see momentum in the next two months if the dollar stays weak. Earnings growth is modest but could improve in H2. Domestic SIP flows remain strong, FIIs volatile, and IPO supply heavy. NBFCs, consumer discretionary, select capital goods and power remain key picks.

Ajit Mishra notes the Nifty’s stability at 24,600 after six weeks of decline but stresses a break above 24,800 for sustained recovery. He advises focusing on stock-specific trades, recommending Eicher Motors for buying and IndusInd Bank for shorting, while cautioning on midcap and smallcap weakness.

The Indian rupee declined on Thursday with traders treading lightly ahead of the Trump-Putin summit, although S&P s upgrade offered a silver lining.